Quantum Duality Predictive Ranges

22 jun

### Quantum Duality Predictive Ranges [QuantumTradeInnovator] v1.0

This Pine Script is designed to help traders predict price ranges and manage risk dynamically using ATR (Average True Range) calculations. It offers customizable settings, visual indicators, and alerts to assist in identifying trading opportunities and managing risk.

#### Key Features
- **Dynamic Risk Management**: Adjusts risk based on signals and cumulative risk.
- **Predictive Ranges**: Calculates predictive ranges based on ATR and user-defined multipliers.
- **Visual Indicators**: Plots lines and labels for easy visualization of trading signals and risk levels.
- **Alerts and Table**: Provides alerts for trading signals and displays a table with relevant trading data.

#### User Inputs
**EA Account Settings**
- **Initial Risk fixed in USD $**: Sets the initial risk amount in USD (default: 18).
- **Signal Multiply Factor for Risk**: Multiplier for signal risk (default: 1.257).
- **Pair Decimals**: Decimal places for pair pricing (default: 2).

**Trade Settings**
- **ATR Length**: Length for ATR calculation (default: 198).
- **ATR Factor**: Multiplier for ATR (default: 6.0).
- **ATR Source**: Source for ATR calculation (default: close).
- **ATR Multiplier**: Multiplier for defining RANGE Top/Bottom Levels (default: 0.45).
- **Inner Range Multiplier**: Multiplier for defining TP1 (default: 2.01).
- **Outer Range Multiplier**: Multiplier for defining TP2 (default: 3.0).
- **Spans Multiplier**: Multiplier for defining SL (default: 0.36).

**Display Options**
- **Display Table**: Option to display a table (default: true).
- **Display Labels for potential Gain and Loss**: Option to display gain/loss labels (default: true).
- **Display Labels for Bar counts since current Range**: Option to display bar counts (default: true).
- **Display Labels for Signals**: Option to display signal labels (default: true).
- **Line Width**: Width of the lines plotted (default: 1).
- **Line Transparency**: Transparency of the lines (default: 10).
- **Fill Transparency**: Transparency of the fill between lines (default: 75).

#### How It Works
1. **Predictive Ranges Calculation**:
- Calculates predictive ranges based on ATR, holds ATR values, and updates average values when price crosses defined levels.
2. **Risk Management and Signal Logic**:
- Counts the number of signals.
- Calculates cumulative and total risk based on signals.
- Resets signals and risk when price crosses predictive ranges.
3. **Entry Points and Potential Gains/Losses**:
- Determines buy and sell entry points.
- Calculates potential gains and losses for both buy and sell signals.
- Resets values when a new average range is established.
4. **Plotting and Alerts**:
- Plots lines for predictive ranges, spans, and stop loss levels.
- Displays labels for signals and potential gains/losses.
- Provides alerts for buy and sell signals with defined take profit and stop loss levels.
5. **Custom Ticker**:
- Renames tickers based on predefined rules (e.g., SPX500USD to SPX500).

#### Usage
1. **Set Up**:
- Adjust the input parameters in the settings menu to match your trading preferences and risk management strategy.
2. **Visualize**:
- View the plotted lines and labels on the chart to identify potential trading signals and manage risk.
3. **Alerts**:
- Enable alerts to receive notifications for buy and sell signals.
4. **Table**:
- Use the table to see a summary of important trading data, such as total risk and target levels.

This script provides a robust framework for managing risk and identifying trading opportunities using predictive ranges based on ATR. Happy trading!

23 jun

Notas de prensa

### Name:
Quantum Duality Predictive Ranges [QuantumTradeInnovator] version 1.1

### Description:
The Quantum Duality Predictive Ranges indicator by QuantumTradeInnovator is designed to provide predictive ranges for trading, based on advanced ATR calculations and risk management strategies. This update includes several new features and improvements:
- **Alerts**: Option to enable or disable alerts for buy and sell signals, ( one every Signal, 2 alerts will be fired with same stop loss but with different Take profit levels ( i.e. TP1 & TP2), each alert will display 50% of the calculated Total Risk predefined to recent Signal)
- **Candle Coloring**: Option to enable or disable candle coloring after buy or sell signals with customizable colors.
- **Ticker Renaming**: Option to rename the ticker symbol to match your broker's instrument name.
- **Display Options**: Improved table and label displays for potential gains, losses, and bar counts.

### Instructions:
1. **Risk Management**: Set your initial risk and signal risk multiply factor in the "Risk Management Settings" group.
2. **Customization**: Adjust the ATR and range multipliers in the "Trade Settings" group.
3. **Alerts**: Enable or disable alerts in the "Alert Settings" group.
4. **Candle Coloring**: Enable or disable candle coloring in the "Candle Coloring" group, and set your preferred colors, that will allow all bars to follow color after signal Type.
5. **Ticker Renaming**: Enable ticker renaming and input your broker's instrument name in the "Ticker Settings" group.

### Tags:
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